Chasing Bernie’s Billions: Inside the Most Successful Asset Recovery Effort in History

On December 11th, 2008 Bernie Madoff was arrested by the FBI in his Manhattan home and criminally charged with a multi-million-dollar securities fraud scheme. So began the most comprehensive and successful financial investigation and asset search in history. The Securities Investor Protection Corporation (“SIPC”) Trustee and Baker Hostetler have continued their tireless search for assetsContinue reading “Chasing Bernie’s Billions: Inside the Most Successful Asset Recovery Effort in History”

From Systemically Corrupt to Above Reproach: Examining Siemens’ Remarkable Turnaround

Peter Solmssen was brought into Siemens to accomplish the impossible – upend the morally bankrupt, corrupt culture of Siemens that was systematically paying bribes in every corner of the world and transform it into a model of compliance reform and ethical culture.  Peter and former SEC FCPA Unit Chief Kara Brockmeyer joined me to discussContinue reading “From Systemically Corrupt to Above Reproach: Examining Siemens’ Remarkable Turnaround”

The Case of the Missing Private Banker: When Bank Fraud Takes a Dark Turn

In 1998, I was only two years into my post-FBI career when I was part of a team dispatched to BankBoston’s private banking office headquartered in New York. It was not immediately apparent that a crime had been committed. An audit had revealed some irregularities in connection with some private banking accounts. We were sittingContinue reading “The Case of the Missing Private Banker: When Bank Fraud Takes a Dark Turn”

Meet Scott Moritz

Senior Managing Director at FTI Consulting Forensic & Litigation, Risk & Investigation Practice Scott Moritz has more than 35 years of experience in combined law enforcement and investigative consulting, forensic accounting, and regulatory compliance advisory experience. Mr. Moritz assists clients and their outside counsel in managing their response to “bet the company” event-driven financial crime,Continue reading “Meet Scott Moritz”

What Enron Can Teach Us About Future Frauds

In 2000, Enron was number 18 on the Fortune 500 list of the largest U.S. companies. Their stock price was defying gravity and their leadership team was featured on the covers of Business Week, Fortune and Forbes. Enron’s rise was being studied by business schools and many considered the company to be a model ofContinue reading “What Enron Can Teach Us About Future Frauds”